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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...
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Legal Battle Over UK’s F-35 Exports to Israel: Palestinian NGO Challenges Decision


A Palestinian rights group, Al-Haq, has taken legal action against the British government, arguing that its decision to allow the export of F-35 fighter jet components to Israel is unlawful. The case, presented before London's High Court, challenges the UK’s exemption of F-35 parts from a suspension of arms export licenses, despite concerns that they could be used in violation of international humanitarian law in Gaza.

The UK government had previously assessed that Israel was not fully committed to complying with international humanitarian law, particularly regarding humanitarian access and the treatment of detainees. However, officials decided to continue exporting F-35 components, citing concerns that halting the supply would undermine U.S. confidence in the UK and NATO.

Al-Haq argues that this decision breaches Britain’s obligations under international law, including the Geneva Convention. The case is unfolding against the backdrop of ongoing conflict in Gaza, where thousands of Palestinians have been killed since Israel launched military operations following Hamas attacks in October 2023.

The British government maintains that exceptional measures were necessary to avoid disrupting international security. The outcome of this legal challenge could have significant implications for future arms export policies and international relations.

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